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20130113
20130113
Search Results 0 to 11 of about 12 (some duplicates have been removed)
, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money to pay the government's bills without going to congress to get approval every single time. it has nothing to do with spending control or debt control. let me be clear, you might think it's about spending control. you might like it to be about spending control. just like i'd like to be in "people "'s list of 50 most beautiful people. but wishful thinking isn't going to make it happen. politicians can use the debt ceiling as a hostage. just like they attempted to use the fiscal cliff in an attempt get something done. something they haven't been able to do using the normal democratic process, because the system is broken. it puts off dealing with the massive mandatory spending cuts until march 1. republicans fully sbhe y intend the debt ceiling to extract concessions from democrats on spending. targeting things l
the debt ceiling. treasury officials say it's illegal to mint a coin for a purpose like that. >>> he's considered one of the greatest cyclists of all-time but hanging over his head are charges of doping to achieve that success. well now lance armstrong may be coming clean about drug use during his tour de france races. abc news reporter mark greenblat has the latest. >> in his last interview with oprah nearly two years ago, lance armstrong got a hero's welcome. now disgraced and labeled as a cheater, he will face a much tougher audience when he sits with her again. but if, as expected, armstrong confesses to doping, it would likely come only after the statute of limitations on perjury charges ran out. following this strong denial under oath. >> i just want to make sure your testimony is clear. if it cannot be any clearer that i've never taken drugs. >> still an about-face could land hem in serious hot water. he's still facing an ongoing federal whistle blower's suit that's tightly under seal and another investigation from a british newspaper and from a promoter that wants $7.5 millio
to raise the debt ceiling. treasury officials say it's illegal to mint a coin for a purpose like that. >>> he's considered one of the greatest cyclists of all-time but hanging over his head are charges of doping to achieve that success. now lance armstrong may be coming clean about drug use during his tour de france races. abc news reporter mark greenblat has the latest. >> in his last interview with oprah nearly two years ago, lance armstrong got a hero's welcome. now disgraced and labeled as a cheater, he will face a much tougher audience when he sits with her again. but if, as expected, armstrong confesses to doping, it would likely come only after the statute of limitations on perjury charges ran out. following this strong denial under oath. >> i just want to make sure your testimony is clear. if it can't be any clearer that i've never taken drugs. >> still an about-face could land hem in serious hot water. he's still facing an ongoing federal whistle blower's suit that's tightly under seal and another suit from a british newspaper and from a promoter that wants $7.5 million off.
raising the debt ceiling. the u.s. already reached its borrowing limit and could begin defaulting on government loans by late february or early march. i'm marianne rafferty. now, back to "geraldo at large." for all your latest headlines log on to fox news .com. braps decided by a judge who will listen to the evidence beginning on the 13th day of february. and he will make that decisiond based upon all of the evidenc that is being presented. >> give be the fact that the two alleged perpetrators the principal people involved werel members of the exhalted football team is isn't it fair to say that the case has been handled differently than if, say, they were members of the chess squad? >> i really don't think so. i know that allegation has been made but i have seen nothing is the investigation that we would have s handled this any differently. it would not have been any different no matter who it was. >> granted you still have someo interviews to conduct but it sounds from the tone that you have concluded there are two people perpetrators involveder and only two? >> in regard to >> i
with congress over raising the debt ceiling. the u.s. has reached borrowing limit it did so last week by late february or early march. the treasury department will run out of ways to cover its debt and could begin defaulting. the pentagon looking at a request from france for drone support. france wants the assistance as its military takes on al qaeda linked terrorists terrorists in. french troops drive back rebels take back control of big chunk of west african nation. turning now to the civil war raging in syria. international efforts to hold the syrian government responsible for war crimes now. more than 50 nations backing a plane conflict to the international criminal court. this as rebel forces and syrian troops battle for control of key territory outside of syria's capital damascus. the u.n. estimating now 60,000 people have conor powell has the latest russia announcing today it continues to support u.n. backed peace efforts but also undermining those efforts by saying that the removal of president assad from power cannot be a precondition to talks. this comes as rebels have taken control
to a really economic crash. i am for raising the debt ceiling. i believe that we need to pay our bills. i have to pay my bills. if i do not pay my credit card bills, my credit rating goes down. my credit score goes down. and i pay more in interest in the future. i think it is very irresponsible of these tea party republicans to hold the country hostage. there are other issues that can be negotiated for spending and raising revenues and the debt ceiling should not be a part of it. host: ok, thank you for calling. here is the editorial cartoonist of the post. the idea of minting a single coin valued at $1 trillion. using that to increase the debt limit. a number of stories saying that basically, this is not going to happen. his is what is reclined -- this -- what ezra kline writes he points out that they will not mince a trillion dollar coin. if it did, the federal reserve would not accept it. at is in important point. the inclusion of the federal reserve is significant. the platinum coin idea to work, the fed would have to retreat it as a way to create currency. next call is bob from idaho, ind
get the u.s. government past the immediate stumbling block of the failure to raise the debt ceiling. that's a legal matter. as a political matter, i think it's basically a nonstarter because it seems comical and it seems ridiculous. >> bruce, you suggest an alternate strategy which is one bill clinton has talked about and colombia law professors do. which is the president should essentially say, i have the implicit authority to raise the debt ceiling without congress, correct? >> that's right. of course, i'm not a legal scholar, but i do oppose the existence of the debt limit. i even testified before the senate finance committee that we should get rid of it. i think it's a dreadful left over from ancient history that simply creates opportunities for hostage taking by congress, such as the one we're facing right now and our foreign policy, we don't negotiate with hostage takers for a very good reason and i think that we need to get rid of this debt limit. but i'm perfectly willing to go along with the trillion dollar coin, if that's what's necessary to prevent this hostage from being
will not negotiate on raising the debt ceiling. here's what he said. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. let repeat. we can't not pay bills that we've already incurred. >> and here's the response he got the next day from republican senator pat toomey of pennsylvania. >> our opportunity here is on the debt ceiling. the president's made it very clear; he doesn't even want to have a discussion about it, because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean, and insist that we get off the road to greece, because that's the road we're on right now. we only can solve this problem by getting spending under control and restructuring the entitlement programs. there is no tax solution to this. it's a spending solution. and if this president doesn't want to go there, we're going to have to force it and we're going to have to force it over the debt ceiling. >>
to take a listen to the president's spokesperson this week on the debt ceiling and get your reaction to that. >> sure. >> he will not negotiate with congress when it comes to the essential responsibility of congress to pay the bills that congress has incurred. >> what do you think? >> well, it's an interesting question. how does he not negotiate with congress if congress won't raise it, if the president doesn't do something like cut spending? so it's kind of an awkward sort of situation. and i think the troubling aspect for the markets is you basically have two objects here, republicans who say we won't raise the debt ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher t
about debt ceiling. oh, joy. nia-malika, let's talk about how the president is framing the debt ceiling debate. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> okay. so republicans say they want spending cuts. and some are even suggesting that partial government shutdown tactic, that's what's going to be necessary here. there are also some in the gop who are just not happy about all the pork being put into things like the sandy relief bill. that unof course set to go to the house floor on tuesday. nia-malika, do the republicans risk the -- run the risk, rather, of being viewed as completely obstructionist? are they picking the wrong fights? i mean, let's take let's take sandy for example. >> they certainly got a lot of blowback from new yorkers and folks in new jersey around their standing in the way of that sandy relief bill. they ended up passing it in bit
to add the 14th amendment to have the president do something to avert this curious problem with the debt ceiling. they don't agree with either of those two approaches because those two approaches have a role for the president and they say the president has no role here. it's all congress dealing with bills they've already i mean spending they've already done. that's the difference in posture. >> schieffer: do you think that the big fight is going to be over whether to raise the debt celling or over the so quealdso-called scwels if you sequester and that is to avoid these cuts in the program. >> there's a big fight among republicans about this because the debt celling is more powerful because the pain is if we blow the debt ceiling is real. for some republicans because the pain is so big -- >> schieffer: what would be the impact on the defense department, rajiv, if the cuts goes into effect. >> it takes us back to level of defense spending we had back in 2006 and 07. it's far more than we're spending in 2001. yes, there will be jobs furloughed, there will be weapons system but we won't
Search Results 0 to 11 of about 12 (some duplicates have been removed)